The Basics of Capital One Rewards

In case you're joining us for the first time, or missed a prior post in this series, please check out the index below:

Credit Card Reward Programs for Travelers: An IntroductionThe Basics of American Express Membership RewardsThe Basics of Chase Ultimate RewardsThe Basics of Capital One Rewards (this post)The Basics of Marriott Rewards (coming soon)The Basics of Citi ThankYou Points (coming soon)

Today we’ll take a look at an underrated player in the points and miles world: Capital One.

Capital One offers cards desirable to travelers, including those which earn transferable points as well as cards offering

When Was the Last ThankYou Point Transfer Bonus?

Through December 11, 2019, you will earn 25% more Avianca LifeMiles when transferring Citi ThankYou Points.

Three of the four major transferrable point currencies--American Express Membership Rewards, Citi ThankYou Points, and Capital One Miles--periodically run transfer bonuses to airline mileage partners. Chase Ultimate Rewards offered their first transfer bonus in May to British Airways Avios.

Sometimes the transfer bonus is offered by the bank that issues the points, and sometimes the transfer bonus is offered by the mileage program you can transfer said points to.

When Was the Last ThankYou Point Transfer Bonus?

Through December 11, 2019, you will earn 25% more Avianca LifeMiles when transferring Citi ThankYou Points.

Three of the four major transferrable point currencies--American Express Membership Rewards, Citi ThankYou Points, and Capital One Miles--periodically run transfer bonuses to airline mileage partners. Chase Ultimate Rewards offered their first transfer bonus in May to British Airways Avios.

Sometimes the transfer bonus is offered by the bank that issues the points, and sometimes the transfer bonus is offered by the mileage program you can transfer said points to.

When Was the Last Ultimate Rewards Transfer Bonus?

Chase Ultimate Rewards, American Express Membership Rewards, Citi ThankYou Points, and Capital One miles are the four major types of transferrable points. By transferrable point I mean that not only are they redeemed for a fixed value, they can also be moved to airline and hotel loyalty programs for often higher value award redemptions.

Those with Membership Rewards, ThankYou Points, and Capital One miles are presented the opportunity to earn a bonus on transferred points periodically. Chase Ultimate Rewards offered their first transfer bonus ever in May to British Airways Avios.

When Was the Last Capital One Transfer Bonus?

There are four major transferrable point currencies: American Express Membership Rewards, Citi ThankYou Points, Capital One miles, and Chase Ultimate Rewards. The first three types of points periodically run transfer bonuses to airline mileage partners. Chase Ultimate Rewards recently offered their first transfer bonus ever in May to British Airways Avios.

Why You Should Care

If you have the flexibility to wait to book your award, and you have an idea of when the next transfer bonus is, you could wait to save points.

When Was the Last Membership Rewards Transfer Bonus?

American Express Membership Rewards, Citi ThankYou Points, and Capital One Miles, three of the four major transferrable point currencies, periodically run transfer bonuses to airline mileage partners. Chase Ultimate Rewards offered their first transfer bonus ever in May of this year to British Airways Avios.

To be clear, sometimes the transfer bonus is offered by the bank, and sometimes the transfer bonus is offered by the mileage program.

Book BA Avios Awards Before Devaluation Tomorrow

May 30 (tomorrow), the price of British Airways Avios awards flying all of the following partner airlines will increase in price:

Alaska AirlinesAir ItalyAmerican AirlinesCathay PacificFinnairJapan AirlinesLATAMMalaysia AirlinesQantasQatar AirwaysS7Sri LankanRoyal Jordanian Airlines

Award prices flying British Airways, Iberia, Aer Lingus, and Vueling will not change price as of now.

First Ever Ultimate Rewards Transfer Bonus on Cusp of Avios Devaluation

For the first time ever, Ultimate Rewards is offering a transfer bonus to one of their loyalty program partners: British Airways Avios. Through June 16, 2019 at 11:59 pm ET, you will earn 30% more points for Ultimate Rewards to British Airways transfers. That means 10,000 Ultimate Rewards translates to 13,000 Avios, and 20,000 Ultimate Rewards is 26,000 Avios.

The fact that there is an Ultimate Rewards transfer bonus is exciting news in itself.

40% Membership Rewards to Avios Transfer Bonus

Through November 15 you'll earn 40% bonus points when you transfer Membership Rewards to either British Airways or Iberia Avios.

That means 1,000 Membership Rewards = 1,400 Avios.

This deal typically comes around once a year and presents an excellent opportunity to save points on awards in and between various parts of the world.

When Was the Last Transfer Bonus? Part 3: SPG Points

Update 5/21/18: It’s been a year since I originally published this Transfer Bonus series, so I've updated all three posts with transfer bonuses over the last 12 months.